OTCPK:MECVF - Post by User
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retiredcfon Jun 11, 2021 9:11am
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Desjardins
DesjardinsStill calling for close to a double given the sell-off. GLTA
Following in-line fourth-quarter results, Desjardins Securities analyst Kevin Krishnaratne cut his target for mdf commerce inc. to $19 from $21 with a “buy” rating. The average is $17.08.
“MDF ended year one of its five-year strategic plan with 4Q revenue up 16 per cent year-over-year, with particular strength in key growth areas e-commerce and U.S. strategic sourcing,” he said. “Given momentum in the space, MDF is not slowing down the pace of investment, which is expected to temporarily place some pressure on profits. We agree with management’s strategy to invest in people (highly skilled tech talent), strengthen its tech platform and pursue M&A.”